STAMFORD, Conn., Feb. 7, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC, a joint venture between Stamford, Connecticut based Spirit Investment Partners, LLC and Irvine, California based The Bascom Group, LLC, has acquired Tribeca at Camp Springs, a 198-unit residential community plus 18,880 sf of ground floor commercial space that was built by Wood Partners in 2008. The community is located at […]
IRVINE, Calif., Dec. 21, 2017 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Boulder View Apartments (“Boulder View”), a 68-unit infill class “A” apartment community located in the vibrant city of Boulder, Colorado. The $18.97 Million acquisition ($278,985/unit) closed on December 19, 2017. David Potarf, Dan Woodward, and Matt Barnettof CBRE were the listing brokers for the sale. Brian Eisendrath of CBRE arranged the $13.3 million loan […]
David Kim and Jerome Fink co-founded The Bascom Group, a private equity firm primarily specializing in value-added multifamily real estate investments, in 1996. At the time they acquired their first multi-unit property, California was facing a foreclosure and job crisis. The market was unstable and investors were weary, but the two went on to develop […]
Bascom Arizona Ventures (Bascom Group) completed the $71.5 million sale of Arcadia Cove Apartments in Phoenix, commanding $165,509 per unit. Arcadia Cove, built in 1996, is located at 2252 N. 44th St., and comprises 432 units. Bascom Arizona Ventures purchased the property in June 2013 for $40.725 million ($94,270 per unit). Read More
LONG BEACH, Calif., June 22, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Tustin Corporate, a 43,517 square foot office building located at 18302 Irvine Boulevard, Tustin, California in an all cash transaction with The Bascom Group, LLC (“Bascom”). Harbor acquired the asset through a distressed on-line auction bid process from an out of […]
LONG BEACH, Calif., June 15, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired 10281 W. Pico Blvd., a 33,000 square foot office building located in Century City in a joint venture with Stockbridge Capital Group (“Stockbridge”). Harbor acquired the asset through a distressed liquidation sale and purchased the property in 25 days. This transaction […]
The Bascom Group in Irvine has acquired Harvard Villa Apartments, a 64-unit infill apartment community in Torrance for $14 million.The deal closed April 27. Hooman Emanuel of Emanuel Real Estate Group represented the seller. Erich Pryor and Thomas Sherlock with Talonvest Capital arranged the $11.45 million loan from TCF National Bank. James D’Argenio and Chang […]
Santa Ana, Calif.—The Bascom Group LLC acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County. Sean Deasy and Ryan Fitzpatrick of HFF were the listing brokers for the $94-million sale, which represents $231,527 per unit. Charles Halladay and Jamie Kline of HFF arranged a $66.5-million loan with […]
In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings. And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. […]
Tucson, Ariz.—The $250 million joint venture by The Bascom Group and funds managed by Oaktree Capital Management acquired La Entrada Apartments, located at 255 N. Granada Ave. in Tucson, Ariz. ACORE Capital provided debt financing, arranged by Brian Eisendrath, Brandon Smith and Annie Rice of CBRE. Onsite property management will be provided by Morrison, Ekre […]
